You're watching...
Sen. Marco Rubio, (R-Fla.), on Obama’s effort to raise taxes on the wealthy as part of fiscal cliff deal.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
It comes down to the rich paying more.
The question is how much more.
Because don't let anyone -- -- taxes are gonna go -- on the upper income aliases how much Marco Rubio says that misses the bigger point.
The Florida senator may be future presidential candidate says that you when you go answer the rich you might as well go answer.
Everybody.
First of all what the president -- -- what he says it does not what does he's not he's not straight decision straight on what is proposal does.
Just today committee came out by nonpartisan group that worked for the congress called the joint committee on taxation.
It's not a Republican group it's not a democratic -- and here's what they found in the president's tax increase goes through.
There will be a million small businesses and America that are gonna pay higher taxes.
And and that means 200000 jobs are gonna be destroyed in exchange.
When you're gonna get for eight or nine days worth of government spending and debt spending basically so you're -- you're you're willing to.
And about 85 billion or so -- existing and well you would basically how are we willing to trade.
Eight days worth of government spending in exchange for killing 200000 jobs that's didn't sound like a good trade off to me.
That's why the president's ideas so bad it raises taxes on small businesses it's a terrible idea and he should fix -- -- and and should stop -- about millionaires and billionaires millionaires and billionaires.
Can take care themselves this is about small businesses for me and more importantly for the people who work in a small businesses imagine for a second if you are paralegal.
Working at a small law firm was one lawyer.
And that lawyer makes more than 200000 dollars a year.
That lowers taxes are gonna go up next year they're gonna have to find that 50000 dollar tax increase from somewhere -- -- -- from your job or from your hours are from your benefits.
This kills the middle class workers that work for these small businesses and exchange for eight days worth of debt spending it's just a terrible idea it's not a good trade off.
The do you think it was a strategic mistake right away for Republicans or John -- -- -- to immediately put on the table 800.
Billion dollars worth of revenues well here's the thing we're not against revenues the question is how do you generate the revenues the debate is not about revenue and the debate is about how do you generate that revenue.
The president thinks that you generate that revenue through tax increases which by the way his tax increases do not.
I mean at the end of -- -- want to they're gonna kill jobs and not gonna collect the money claims it's gonna collect.
On the other hand I think that we generate -- revenues for economic growth.
So someone nine -- unemployed they're not paying income tax.
But it next should have a job making 50000 dollars a year a real middle class jobs they're paying income tax that's revenue for government.
See you create revenue through -- taxpayers nothing new taxes economic growth is the only way to solve our problems we cannot tax our way out of this.
We cannot cut our way simply out of this the only solution is the combination of fiscal discipline hold the line on spending.
And rapid economic growth through the expansion of the energy sector and pro growth strategies from government.
But it seems inevitable one when she performed senator that.
Tax increases are going to be part of this horrible deals whether it's a return to the Clinton -- top rates.
Or something in between or as John Boehner has has has hinted it may be adjusting deductions.
-- right Olson Simpson's.
But one -- it performed taxes on the upper income.
Known to run -- it doesn't make any sense for -- taxes are going up on everybody because of obamacare.
So when you -- in the Obama care tax increases there are ready gonna happen.
Because of obamacare when you add to that the tax increase the president is proposing the rates are much higher than the Clinton harassing me again -- John Boehner is -- well I don't know what the speakers and to -- and I'm not gonna undermine his ability to work out a deal that he consultants conference let me just say my impressions on all of this is.
That doesn't make any sense to me because tax rates are gonna be higher this doesn't it doesn't make any sense last Friday the Labor Department reported that unemployment down seven point 7%.
The president's very proud of that we always welcome good news although labor -- shrunk about.
But some point seven he's very happy about it so if unemployment went down under the existing tax rates.
Why would we raise the taxes on anybody.
And it did in fact the president believes that jobs are being created in the economy is growing under the current tax rates why would you risk that by changing the tax rates on anybody by going up.
Especially if you're only getting eight days worth of debt spending.
That's why this makes no sense to me it doesn't make any sense why he's pushing for this other then he wants to score a victory for his.
The left wing base of this party and put a trophy in his trophy case and that's not good public.
Policy indications are senator closeness and I and that he's -- -- -- on this issue so it's not a question of its rates on the upper income are going to be -- And how much so.
Let's say that happens are you saying that Marco Rubio would be.
Dead set against accepting.
I feel like that I am not voting for anything kills jobs I am not voting for anything any over the facts and the result not boat veterans deductions -- example I think we need to simplify our tax code but not as a way of generating revenue as a way of making their tax -- more more growth friendly.
But here's why that's so important.
It did in fact the rates go up because the president refuses to budge.
Then you'll have to answer for that next year when our economy isn't growing when when unfortunately people lose their jobs who worked at a dental clinic as a medical balance -- medical billing specialist.
-- the paralegal law firm loses their job for the courier at the law -- loses -- these are not millionaires and billionaires.
These are working class folks that are -- that may lose their jobs as part of the 200000.
Jobs will be lost the president's tax increase goes through.
If that happens Barack Obama will be responsible for it but I am not gonna be complicit in hurting growth in America which I know is the only way to solve this problem.
So you don't subscribe -- the view that but torpedoed Deal or No Deal boomerang and -- Republicans.
While I don't want -- to -- off the fiscal cliff which by the way.
Congress created a bipartisan way this fiscal -- is the direct result of the last fiscal fourth.
When we had a debt limit showdown in the summer of both sides of the both sides agreed to but I voted against because it was a bad idea why they create these artificial crisis has a weighted to force action and -- they did works they -- what might have a lot of -- but they did they did and now the country's going to be and other gonna do it again.
Now they're basically saying is now lets her growth in America let's cut a deal.
That hurts growth in America so that a year from now we'll have an even worse fiscal cliff which means and that's the real fiscal cliff we have a sixteen trillion dollar debt.
Which these tax increases will do nothing to solve I know have at least 200000 plus jobs next year than you have now.
And the people who vote for that will be responsible for that decision they'll be held accountable for that terrible public policy.
You --
